Insider Buying: Capstone Mining Corp (CS) Insider Purchases 7,302,000 Shares of Stock

Capstone Mining Corp (TSE:CS) insider Grm Investments Ltd. purchased 7,302,000 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was bought at an average cost of C$0.65 per share, with a total value of C$4,746,300.00.

Grm Investments Ltd. also recently made the following trade(s):

  • On Tuesday, August 14th, Grm Investments Ltd. purchased 200,000 shares of Capstone Mining stock. The stock was bought at an average cost of C$0.88 per share, with a total value of C$176,000.00.

CS stock traded down C$0.01 during midday trading on Friday, hitting C$0.54. 324,805 shares of the stock traded hands, compared to its average volume of 455,925. The company has a debt-to-equity ratio of 30.49, a quick ratio of 1.31 and a current ratio of 2.94. Capstone Mining Corp has a 1-year low of C$0.48 and a 1-year high of C$1.62.

Several research analysts recently issued reports on the stock. CIBC raised their target price on shares of Capstone Mining from C$1.70 to C$1.80 in a report on Friday, August 3rd. Haywood Securities raised shares of Capstone Mining from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$1.20 to C$0.70 in a report on Wednesday, October 31st. Eight Capital reduced their target price on shares of Capstone Mining from C$2.15 to C$1.75 in a report on Thursday, July 12th. Cormark reduced their target price on shares of Capstone Mining from C$1.75 to C$1.50 in a report on Thursday, July 12th. Finally, National Bank Financial cut shares of Capstone Mining from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$1.00 to C$0.85 in a report on Thursday, October 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$1.44.

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About Capstone Mining

Capstone Mining Corp. engages in the exploration and production of base metals in the United States, Mexico, and Canada. The company explores for copper, molybdenum, silver, zinc, lead, and gold deposits. It holds interests in the Pinto Valley, an open pit copper mine located in Arizona, the United States; the Cozamin, an underground, copper-silver mine located in the state of Zacatecas, Mexico; and the Minto, an open pit copper mine located in Yukon, Canada.

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Insider Buying and Selling by Quarter for Capstone Mining (TSE:CS)

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